Rebar prices increased due to rising costs

At the start of 2024, rebar prices increased after rising costs.

İçdaş A.Ş., one of Türkiye's leading steel producers, increased domestic rebar prices by $10/ton. Current prices are;

Biga;

Rebar (12-32mm) 630$

Plain wire rod 640$

Deformed wire rod 650$

Istanbul;

Rebar (12-32mm)  641$

Plain wire rod 651$

Deformed wire rod 661$

Import scrap prices for 80/20 were quoted at $412/ton for imported scrap, but current offers are around $415/ton. The market was quiet in the first week of January. Billet from southern Russia to Türkiye for January shipment was offered at $545-550/ton CFR Turkey Black Sea ports, up $10-15/ton from the previous week. However, deals remain weak.

January 8, 2024 spot rebar prices by region, as assessed by www.steelradar.com, are as follows;

Istanbul rebar prices at 22.500 TL (+400) / 752,69 USD (+13,38)

Izmir rebar prices 22.000 TL (+400) / 735,96 USD (+13,38)

Karabuk rebar prices 22.300 TL (+500) / 746,00 USD (+16,73)

Payas rebar prices 22.800 (+350) / 762,72 USD (+11,71)